Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Amendment Notice 2025
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2025/244
Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Amendment Notice 2025
This notice is made by the Associate Minister of Justice under section 157(1) of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 after—
(a)
having had regard to the matters specified in section 157(3) of that Act; and
(b)
having consulted in accordance with section 158 of that Act.
Notice
1 Title
This notice is the Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Amendment Notice 2025.
2 Commencement
This notice comes into force on 1 November 2025.
3 Principal notice
This notice amends the Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Notice 2018.
Schedule New Part 20 inserted into Schedule
Part 20 Fraud Intelligence Exchange (FIX) Ecosystem
1
As the Associate Minister of Justice, and under section 157 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act), I exempt those reporting entities that are approved participants in the Ecosystem from the following sections of the Act:
(a)
sections 37(1)(e) (disclosing possibility of making suspicious activity report):
(b)
section 46(2) and (8) (prohibiting certain disclosures of information):
(c)
section 48C (applying sections 43 to 48 to prescribed transactions) to the extent that it prohibits the disclosure of PTR information.
2
For the purposes of this exemption,—
Ecosystem means the Fraud Intelligence Exchange (FIX) Ecosystem, a contractual alliance whose purpose is to fight fraud and scam activity
GVL means GetVerified Limited, a company incorporated in New Zealand
fraud and scam activity means activity related to, or potentially related to, a crime involving dishonesty within the meaning of section 2(1) of the Crimes Act 1961
participants means those persons that have entered into a participation agreement with GVL, and any future persons that enter into a participation agreement with GVL, having met GVL’s admission criteria and been approved by GVL’s Board
PTR information means the information described in section 46(1) of the Act, as modified by section 48C of the Act, relating to prescribed transaction reports submitted under section 48A of the Act
SAR information means the information described in section 46(1) of the Act relating to suspicious activity reports.
3
This exemption applies only to the sharing of SAR information and PTR information in relation to actual or potential fraud and scam activity.
4
This exemption is subject to the following conditions:
(a)
participants may only disclose SAR information and PTR information to other participants and service providers and only for law enforcement purposes:
(b)
participants must consider compliance with the relevant aspects of the exemption as part of their AML/CFT programmes:
(c)
GVL must consult the Ministry of Justice before admitting additional participants into the Ecosystem:
(d)
GVL must notify the Ministry of Justice of any other changes affecting the exemption within 10 working days after the changes occur.
5
To avoid doubt, nothing in this exemption restricts other obligations held by the participants under the Act (including the obligations to report PTR information and SAR information) or any other legislation (including the Privacy Act 2020).
6
This exemption has been granted for the following reasons:
(a)
it will enhance the detection and deterrence of money laundering by enabling greater detection and prevention of fraud and scams:
(b)
the AML/CTF risks associated with the exemption are considered low because—
(i)
the exemption allows participants in the Ecosystem to share relevant PTR information and SAR information only with other participants and for limited purposes:
(ii)
participants must consider compliance with the relevant aspects of the exemption (for example, the disclosure of PTR information and SAR information) as part of their AML/CFT programmes:
(iii)
participants remain obligated to report PTR information and SAR information to the Police as appropriate, and to fulfil all other relevant obligations:
(c)
GVL must consult the Ministry of Justice before admitting additional participants into the Ecosystem.
5
This exemption comes into force on 1 November 2025.
6
This exemption expires on 1 November 2030.
Dated at Wellington this 28th day of October 2025.
Hon Nicole McKee,
Associate Minister of Justice.
Explanatory note
This note is not part of the notice but is intended to indicate its general effect.
This notice, which comes into force on 1 November 2025, amends the Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Notice 2018 (the principal notice). The notice inserts new Part 20 into the Schedule of the principal notice to exempt reporting entities that are approved participants in the Fraud Intelligence Exchange (FIX) Ecosystem from certain provisions of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. The class exemption expires on 1 November 2030.
Date of notification in Gazette: 31 October 2025.
This notice is administered by the Ministry of Justice.
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Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Amendment Notice 2025
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